Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0163%/8h= +17.9% APRpaid last 24h +0.022%

Price spread now: RISEx against Binance0.000%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on Binance Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.278%+$28 on $10k

Price spread, last 4 days (all we have)+0.088%+$9 · spread now 0.000%, 7d avg +0.038%

Together, before fees+0.366%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.038% cheaper against Binance than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.038%). If the spread goes back, that is −$4 on $10k: about 19 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance CRCLUSDT	91.660	0.0108	pay 0.0108% / 8h	1h 23m	$104.7M	$397.6M	50x
Short	RISEx CRCL/USDC	91.660	0.0271	get 0.0034% / 1h	23m 34s	$417K	$268K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee RISExbpOrdersPrice spread, now 0.000%Rate

Funding earned: $34.31
Price spread: 0.000% → +0.038%: −$3.84
Slippage, 4 orders: −$6.08
Fee Binance: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $8.39
Costs to cover: 0.221%
Break-even: 5.3 days

Slippage from Binance: live order book, 5 min ago; RISEx: live order book, 20 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Binance live order book, 5 min ago	0.55 bp	6.5 bp −$7	11.4 bp −$114	38.2 bp −$3,816	doesn't fit
Sell RISEx live order book, 20 min ago	1.64 bp	4.6 bp −$5	5.2 bp −$52	doesn't fit	doesn't fit

CRCL on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.0645%	8h	91.760	+0.109%	$17.5M	$37.0M	25x	as long as short
Vest CRCL-USD-PERP	−0.0086%	1h	91.390	−0.295%	—	$31K	25x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.660	0.000%	$14.7M	$26.6M	50x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.740	+0.087%	$7.8M	$27.5M	50x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.580	−0.087%	$1.0M	$48K	10x	as long as short
Variational Omni CRCL	+0.0003%	8h	91.579	−0.088%	$2.4M	$3.2M	—	as long as short
Lighter RH CRCL	+0.0032%	1h	91.695	+0.038%	$979K	$2.7M	10x	as long as short
Aftermath Perps CRCLUSD	+0.0037%	1h	91.440	−0.241%	$2K	$27K	5x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.550	−0.120%	$95K	$291K	10x	as long as short
SoDEX CRCL-USD	+0.0050%	1h	91.644	−0.017%	$46K	$3K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.630	−0.033%	$1.1M	$5.2M	10x	as long as short
Coinbase International CRCL-PERP-INTX	+0.0056%	1h	91.560	−0.109%	$891K	$615K	10x	as long as short
QFEX CRCL-USD	+0.0068%	1h	91.630	−0.033%	$1.3M	$1.8M	10x	as long as short
tradeXYZ xyz:CRCL	+0.0077%	1h	91.629	−0.034%	$67.8M	$44.4M	10x	as long as short
Aster CRCLUSDT	+0.0094%	8h	91.668	+0.009%	$1.0M	$5.1M	20x	as long as short
Pacifica CRCL	+0.0100%	1h	91.660	0.000%	$134K	$159K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.590	−0.076%	$2.7M	$1.8M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.430	−0.251%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.610	−0.055%	$913	$2K	10x	as long as short
Extended CRCL_24_5-USD	+0.0104%	1h	91.648	−0.014%	$1.0M	$5.0M	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.637	−0.025%	$4	—	10x	as long as short
Binance CRCLUSDTlong	+0.0108%	8h	91.660	long leg	$104.7M	$397.6M	50x
Polymarket Perps CRCL-USD	+0.0125%	1h	91.588	−0.079%	$384K	$1.3M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0155%	8h	91.666	+0.007%	$422	$905	5x	as long as short
GRVT CRCL_USDT_Perp	+0.0185%	8h	91.500	−0.174%	$67K	$1.1M	10x	as long as short
OKX CRCL-USDT-SWAP	+0.0203%	8h	91.670	+0.011%	$22.3M	$62.7M	50x	as long as short
BloFin CRCL-USDT	+0.0223%	8h	91.610	−0.055%	$1.1M	$1.7M	20x	as long as short
Phoenix CRCL	+0.0245%	1h	91.318	−0.373%	$27K	$82K	10x	as long as short
Lighter CRCL	+0.0264%	1h	91.692	+0.035%	$3.0M	$2.4M	10x	as long as short
RISEx CRCL/USDCshort	+0.0271%	1h	91.660	0.000%	$417K	$268K	10x
edgeX CRCLUSDC	+0.0376%	4h	91.464	−0.214%	$52K	$277K	10x	as long as short
Nado CRCL-PERP	+0.0396%	1h	91.603	−0.062%	$134K	$109K	3x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0405%	1h	91.630	−0.033%	$5K	$769K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.100	+0.480%	$5K	$19K	30x	as long as short